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Benzinga's Top ETF Gainers (FAS, EDC, GDXJ, XME)
Friday, July 9, 2010 - 3:13pm | 212Direxion Daily Financial Bull 3X Shares(ETF) (NYSE: FAS) trades higher today, on a strength in the financial sector. Goldman Sachs Group, Inc. (NYSE: GS) gained more than 2% so far, while FAS added approximately 4.5%. Emerging market stocks are also up today, along with Direxion Daily Emerging...
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Zacks Highlights Opportunities with SPDR S&P 500 ETF, Chevron, Exxon Mobil, Goldman Sachs and JPMorgan Chase (SPY, CVX, XOM, GS, JPM)
Friday, July 9, 2010 - 12:26pm | 229The turn date Chief Market Strategists alerted to on July 6th and 7th, 2010 to their premium members has been a perfect profit hit. The markets are surging higher today after the small up day(...)Read the rest of Zacks Highlights Opportunities with SPDR S&P 500 ETF, Chevron, Exxon Mobil,...
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Are We Setting Up for a Repeat of Summer 2009?
Friday, July 9, 2010 - 12:04pm | 872There are some interesting similarities forming on the charts in summer 2010 and summer 2009. Let's ignore the macro news items which are quite different (remember back then, if companies announced they had no plans to go out of business we were thankful). Excluding the extreme snap back rally in...
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Company News for July 9, 2010 - Corporate Summary
Friday, July 9, 2010 - 9:39am | 173• Goldman Sachs (NYSE:GS) added Visa (NYSE:V) to its Conviction Buy List, with a $93 price target • Air Products (NYSE:APD) said it raised its bid for Airgas (NYSE:ARG) to $63.50 from $60 • China renewed Google's (NASDAQ:GOOG) search license • Goldman Sachs (NYSE:GS) took Expedia (NASDAQ:EXPE) off...
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Meredith Whitney Slashes Earnings Estimates on Goldman Sachs From $4.75 to $1.70
Thursday, July 8, 2010 - 1:15pm | 933Meredith Whitney Slashes Earnings Estimates on Goldman Sachs From $4.75 to $1.70 Courtesy of JESSE’S CAFÉ AMÉRICAIN This was reported on Bloomberg. Here is a copy of a story on this change in forecast by la belle dame sans merci, who is renowned for having called out the fakery in Wall Street prior...
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Markets Cheer Jobless Claims But Stall
Thursday, July 8, 2010 - 12:17pm | 393The markets gapped higher again today, trying for a third straight up day and a five percent gain in total. Jobless claims finally showed a solid drop coming in at 454,000. The 450,000 level is a major milestone. Wall Street is hoping next week we will see a move below that key level....
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Company News for July 8, 2010 - Corporate Summary
Thursday, July 8, 2010 - 9:42am | 156• Reports said BP (NYSE:BP) is working on a plan to cap the spill as early as July 27, but noted it could be "unlikely" • Wells Fargo (NYSE:WFC) plans to cut 3,800 jobs and close its subprime unit • MasterCard (NYSE:MA) reported June luxury purchases fell for the first time since last November • ...
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Goldman Sachs (GS) Has Bottomed Out
Thursday, July 8, 2010 - 3:17am | 129It looks like shares of Goldman Sachs (GS) have bottomed out. The investment banking giant has seen its shares test the $130 level for weeks and the stock has always bounced off of those levels. Goldman recently received an upgrade from JPMorgan Chase. JPMorgan Chase raised Goldman’s rating to...
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Goldman Sachs & Morgan Stanley May Face Squeeze in Bonds (GS, MS)
Thursday, July 8, 2010 - 2:11am | 206Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS) may face a profit squeeze in fixed income this year, as bond markets experience volatility. According to Reuters, "Analysts have cut their earnings estimates for the two investment banks in recent weeks, citing concerns about fixed income...
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Benzinga's After Hours Gainers (COH, ETFC, HOTT)
Wednesday, July 7, 2010 - 5:59pm | 147Among the stocks that are climbing in the after hours trading session on Wednesday are Coach, Inc. (NYSE: COH), E-Trade Financial (NASDAQ: ETFC), and Hot Topic (NASDAQ: HOTT). None of these names are attracting much volume in the post-market. Coach (COH) has gained 1.41% to $36.59. During regular...
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The Seven Sins Of The SPDR Gold ETF (NYSE:GLD)
Wednesday, July 7, 2010 - 3:54pm | 310Given my scathing criticism of most (so-called) “bullion-ETF’s”, I frequently get reader questions about the “prospectus” of one fund or another. I freely confess to not having read these(...)Read the rest of The Seven Sins Of The SPDR Gold ETF (NYSE: GLD) Copyright 2010 ETFDAILYNEWS.COM The...
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Part Two: 34 Short Setups with Stop-Losses
Wednesday, July 7, 2010 - 2:48pm | 216Part two of the weekly short watch-list. If you missed the first one, you can find it by clicking here. As always - same guidelines apply. Here are the requirements for inclusion on this list: 1) Price and volume pattern is intriguing 2) Stock has been heavily sold-off in the recent days or weeks...
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Stock Market News for July 7, 2010 - Market News
Wednesday, July 7, 2010 - 10:13am | 583Selective buying helped propel stocks higher Tuesday after seven days of losses, but the advance was tepid as concerns about the durability of the economic recovery kept sentiments jittery. After recording hefty gains in the morning, markets slipped into the red in the afternoon as traders,...
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Company News for July 7, 2010 - Corporate Summary
Wednesday, July 7, 2010 - 10:13am | 204• Microsoft (NASDAQ:MSFT) is reportedly planning to cut a small number of positions this week • Family Dollar Stores (NYSE:FDO) reported a 19% rise in fiscal third-quarter earnings to 77 cents from 62 cents a year ago, one cent higher than Zacks estimates, on an 8.4% gain in revenues to $2 billion...
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Goldman Sachs Cuts Estimates On Home Improvement Stocks (LOW, HD)
Tuesday, July 6, 2010 - 10:22am | 130In a research report released this morning, Goldman Sachs' (NYSE: GS) analysts said that they are lowering estimates on Home Improvement stocks. The firm's price target on Home Depot (NYSE: HD) goes from $38 to $34 and their target on Lowe's (NYSE: LOW) has been lowered from $29 to $25. The...